BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Extended against Ondo Perps+0.038%7-day average +0.070% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.038%, 7d avg +0.070%

Together, before fees−0.131%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.032% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.920	0.0050	pay 0.0006% / 1h	58m 09s	$3.1M	$1.1M	15x
Short	Extended XBR-USD	96.957	0.0032	get 0.0004% / 1h	58m 09s	$677K	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee ExtendedbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$3.86
Price spread: +0.038% → +0.070%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.03
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Extended live order book, 6 min ago	1.08 bp	4.4 bp −$4	12.3 bp −$123	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	95.978	−0.972%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.113%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.964	+0.045%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.943	+0.023%	$146.5M	$376.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	+0.010%	$10.3M	$13.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	+0.031%	$15.9M	$21.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.001	+0.084%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.010%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	+0.021%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.848	−0.074%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.891	−0.030%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	+0.052%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.940	+0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	+0.093%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.490	+0.588%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	96.842	−0.080%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	+0.041%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.957	+0.038%	$677K	$4.9M	10x
Vest BZ-PERP	+0.0046%	1h	101.04	+4.251%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.030	+0.113%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.968	+0.049%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.957	+0.038%	$151.9M	$126.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.027	+0.110%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	96.920	long leg	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.103%	$3.8M	$879K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.920	0.000%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0211% / S +0.0068%	1h	96.965	+0.046%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0215%	1h	96.962	+0.043%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.989	+0.071%	$84K	$218K	20x	as long as short